Total Return Securities, Inc. (NYSE:SWZ - Get Free Report) was the target of a significant decrease in short interest in May. As of May 31st, there was short interest totalling 10,500 shares, a decrease of 27.6% from the May 15th total of 14,500 shares. Based on an average daily trading volume, of 78,100 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short.
Total Return Securities Stock Performance
SWZ traded down $0.03 during midday trading on Friday, reaching $6.27. The company had a trading volume of 46,969 shares, compared to its average volume of 42,631. The business has a 50-day moving average of $6.35 and a two-hundred day moving average of $7.77. Total Return Securities has a 1 year low of $6.01 and a 1 year high of $9.43.
Total Return Securities Cuts Dividend
The business also recently declared a -- dividend, which was paid on Monday, April 14th. Shareholders of record on Thursday, April 3rd were given a $3.00 dividend. This represents a yield of 6.4%. The ex-dividend date of this dividend was Tuesday, April 15th.
Institutional Trading of Total Return Securities
A number of hedge funds and other institutional investors have recently bought and sold shares of SWZ. Sanctuary Advisors LLC increased its position in Total Return Securities by 7.5% in the fourth quarter. Sanctuary Advisors LLC now owns 97,879 shares of the closed-end fund's stock worth $733,000 after buying an additional 6,858 shares in the last quarter. Wolverine Asset Management LLC purchased a new stake in shares of Total Return Securities during the fourth quarter worth about $250,000. PNC Financial Services Group Inc. grew its position in shares of Total Return Securities by 144.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,244 shares of the closed-end fund's stock worth $47,000 after purchasing an additional 3,694 shares in the last quarter. Gardner Russo & Quinn LLC grew its position in shares of Total Return Securities by 1.9% during the fourth quarter. Gardner Russo & Quinn LLC now owns 288,801 shares of the closed-end fund's stock worth $2,163,000 after purchasing an additional 5,451 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of Total Return Securities by 55.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 149,366 shares of the closed-end fund's stock worth $1,119,000 after purchasing an additional 52,989 shares in the last quarter. Hedge funds and other institutional investors own 41.12% of the company's stock.
About Total Return Securities
(
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The Swiss Helvetia Fund Inc is a closed-ended equity mutual fund launched and managed by Schroder Investment Management North America Inc The fund invests in public equity markets of Switzerland. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in value stocks of companies across all market capitalizations.
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